Romania Property Investment News

Romania sees economic growth

Romania sees economic growth

The Romanian government has revealed that the country has experienced further economic growth in the last year.

According to the National Statistics Institute, gross domestic product increased by six per cent in 2007, reports BalkanInsight.com

Growth in the construction industry was highlighted as one of the main reasons for the expansion, as the amount it generated rose by 33 per cent.

Tourism was also found to be highly lucrative for the Romanian economy, with revenues rising by ten per cent.

This suggests that the eastern European country is receiving tangible economic benefits from the recent surge in foreign investment.

In particular, Romania has begun attracting attention from real estate investors from overseas.

The country's potential as a good market for rental property buyers was recently revealed by Ziarul Financiar, which said tourist numbers rose by more than a quarter last year.

This means that Romania will have seen increased demand for rental accommodation during this period.

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